How It Works for Dealers
LeasePass isn’t another thing you need to sell — it’s added profit on autopilot.
LeasePass Summary
LeasePass is a vehicle buyback add-on that gives customers the option to walk away from their leased or financed vehicle anytime after 12 months — no matter what it's worth.
It eliminates long-term commitments and resale value worries, giving them flexibility and peace of mind to never feel stuck in a vehicle that no longer fits their needs.
Dealers add $500–$1,000 to PVR and shorten trade cycles, with no risk or post-sale effort.
Dealers also get first access to every turn-in, creating a stream of high-margin used cars and repeat buyers.
LeasePass applies to both new and used vehicles financed via both lease and loan It can be rolled into the lease or loan as a non-cancellable, Line 1 compliant product. It’s not insurance, a warranty, or a debt cancellation product. It doesn’t affect loan or lease terms or require lender submission.
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Increase PVR: Dealers keep all proceeds above the LeasePass cost per sale, which can increase PVR by $500-$1,000.
Sell More Cars: LeasePass eliminates negative equity concerns, resale stress and long-term commitments, helping you sell more cars today.
Accelerate Trade Cycles: Get customers back in the showroom every 1-2 years.
Used Car Factory: Dealers get first access to vehicle turn-ins, creating access to a steady stream of high margin inventory.
Coming soon: LeasePass Exchange is a private, dealer-only marketplace providing instant access to pre-vetted vehicles, with the ability to place purchase offers even before customers initiate a turn-in—delivering transparent pricing, direct customer connections, and stronger margins.
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The customer might love their car today—but most people don’t want to keep the same car for the full loan term. The problem is, they probably don’t know exactly when they’ll want to change it or what it’ll be worth when that time comes. LeasePass gives them flexibility and peace of mind.
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The cost to the dealer is $750. The dealer sets the retail price. We recommend $1,250 to $1,500, which adds around $17 to a 72-month loan payment or $35 to a 36-month lease payment, for example. Non-cancellable = no refunds and no chargebacks for dealers.
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General Eligibility Requirements:
Maximum MSRP / purchase price: $115K
No EVs
No prior structural damage or airbag deployment
Maximum loan term: 84 months
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Our 3-Step system allows dealers to start selling LeasePass without time-consuming training or extra effort.
STEP 1:
Show LeasePass on every deal.
Present it on the initial pencil (highest penetration, least effort) or on the F&I menu.
→ Make it automatic by adding LeasePass in your DMS as a Line 1 item labeled “Flex Package,” so it always flows to the buyer’s order.STEP 2:
Put a LeasePass card in every car and deal jacket, and hand one to the customer.
→ This one step drives customer intrigue. (You can also place our 8.5x11” tabletop sign on your desk)STEP 3:
Say this to the Customer:“LeasePass lets you walk away from your car anytime after 12 months if it no longer fits your needs. Scan the QR code—it explains everything.”
Our 24/7 AI voice and chat assistants provide fast and clear answers to all customer questions. Customers can use them directly, or you can pull them up together in the office.
Info Card → QR code → Our website with more info + a 60-second video and AI Assistants that can handle all customer questions. Customer signs the acknowledgment online or on the card. That’s it.
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Customers sign a one-page Customer Acknowledgment that explains how LeasePass works, buyback eligibility, that it does not impact the customer’s financing terms, and confirms the dealer has no post-sale responsibility.
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Customer emails 30 day notice. We inspect the vehicle to confirm no major damage. LeasePass pays off the remaining loan or lease balance per our terms and conditions. LeasePass handles payoff, logistics, and resale.
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LeasePass increases backend profit and customer satisfaction — with zero liability, refund exposure, or operational burden for the dealership.
No Dealer Risk or Liability
All customer obligations are fully backed.
Customer acknowledgment confirms the dealer is never a guarantor, administrator, or liable party.
No Refunds. No Post-Sale Involvement
Non-cancellable and non-refundable, even if the vehicle is sold, traded, totaled, or returned.
If a deal is unwound, LeasePass is simply removed — no chargebacks or reimbursements.
Turn-ins, support, and logistics are handled directly by LeasePass.
Not Insurance. Not a Warranty. Not a Service Contract
Not insurance, a warranty, debt cancellation, or a service contract.
Requires no licensing, product filings, F&I Sentinel registration, or lender approval.
Does not impact financing, disclosures, or compliance.
Why It Can Be Offered on the Initial Pencil
Added as a dealer add-on/accessory tied to the vehicle, like paint protection or theft deterrent.
Can be shown on the first pencil and rolled into financing without a separate signature.
Customers may opt out — opt-out vs. opt-in drives higher penetration with no added work.
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Short answer:
LeasePass makes decisions based on conservative data from millions of transactions — creating a portfolio where wins outweigh losses.Longer answer:
LeasePass is designed to be simple for both customers and dealers. Behind the scenes, we use predictive analytics and conservative resale data from millions of transactions to ensure profitability. It’s not about winning on every turn-in — we manage a balanced portfolio where gains outpace losses, with independent actuarial validation showing breakeven or better in ~95% of cases.Turn-ins require at least a 12-month hold, 30 days’ notice, and an inspection, giving us precision in managing outcomes. And while customers can exit at 12 months, most keep their car longer, so turn-ins are naturally spread out over time.
Dealers always have first opportunity to purchase the vehicle for the payoff amount at turn-in. If they pass, LeasePass manages resale through established channels to protect portfolio profitability.
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Your rep or agency can assist. Go to leasepass.com/dealer-signup to review and sign the dealer agreement.
How the Buyback Process Works
Provide 30 Days’ Notice
After 12 months, just give 30 days’ notice that you'd like to turn in your vehicle.
Inspection
A quick inspection is done to confirm the vehicle is free of damage or excess wear & tear.
LeasePass Handles Payoff
We pay off the remaining lease or loan balance — so you can easily walk away. *Terms and conditions apply
Estimate Your PVR Increase
Want to White-Label LeasePass?
“Your Program” - powered by LeasePass
For large dealer groups, we offer the option to white-label LeasePass under your own brand—while we continue to manage all backend operations and support, keeping everything effortless for your team.
Stand out with a branded, innovative customer benefit they won’t find elsewhere, powered end-to-end by LeasePass.
Contact Us to learn more.
24/7 Assistant available by phone or chat